Onemoola automatically tracks and optimises investments, providing strategies to grow retirement savings.

Onemoola

Onemoola | 21 followers on LinkedIn. Onemoola shows how your retirement moola is doing. Automated way to track, optimise and grow your retirement savings. | Making saving and investing simple, empowering everyone to take control of their financial wellbeing.

Sechaba Mofokeng

Unlock the secrets of your payslip! 🇿🇦 Learn about gross pay, deductions, fringe benefits, and more. Learn how to maximize your take-home pay! #salary #tax #SouthAfrica #personalfinance https://lnkd.in/d5cD5fjD

🇿🇦 South Africa's Inflation Falls Below 4% - Rate Cuts on the Horizon? For the first time in over three years, South Africa's annual inflation rate has dipped below the 4% mark, landing at 3.8% in September, according to Statistics South Africa. This positive development, fueled in part by a favorable food harvest and lower fuel prices (as reported by Bloomberg), strengthens the case for the South African Reserve Bank to continue its rate-cutting cycle at its next meeting in November. Read more from the Financial Times on the potential implications for the economy and monetary policy. https://lnkd.in/epBtGnfM

Read more from our blog: https://lnkd.in/d6Fm6xNm

Juggling a side hustle and full-time employment? This podcast simplifies complex tax concepts, like deductions for medical aid and retirement contributions, into easy, actionable advice. Learn how to maximise your deductions, stay updated on SARS regulations, and keep more of your hard-earned cash. https://lnkd.in/djMV-n59

The Ultimate Guide to Choosing a Tax Calculator for South African Side Hustlers Key takeaways: • Simplicity is key: A user-friendly tax calculator saves time and reduces mistakes, crucial when you're managing multiple income streams. • Stay updated: Ensure your calculator uses the latest SARS tax brackets to avoid miscalculations. • Maximise deductions: Don’t miss out on tax savings from medical aid contributions, retirement fund deductions, and other allowable expenses. https://lnkd.in/eJZ5nHTq

Listen: The Busy Professional's Guide to Choosing a Retirement Calculator (AI generated) Feeling overwhelmed by retirement planning? You're not alone! Join us as we delve into the essential aspects of choosing the right retirement calculator, especially for busy professionals in South Africa. We'll break down complex concepts, debunk common myths, and explore the unique features that make Onemoola's calculator stand out from the crowd. Learn how to take control of your financial future with confidence and ease! https://lnkd.in/dBmAkVch

Busy professionals, take control of your financial future! Learn how to choose the right retirement calculator Juggling a busy life and retirement planning? Our latest blog post simplifies the process! Discover the key features to look for in a retirement calculator & how Onemoola can help you achieve your financial goals. #retirementplanning #financialfreedom #Onemoola https://lnkd.in/dbtW_4DG

🚨 SARS is the biggest winner from South Africa’s two-pot retirement system—collecting over R4 billion since its launch. But what does this mean for the rest of us? Let’s unpack the key insights. 1️⃣ The Two-Pot Setup: One-third of your retirement savings is now accessible through a “savings pot” before retirement. The other two-thirds? Locked until you retire. Convenient? Sure. But withdrawals can bump you into a higher tax bracket. 2️⃣ Age Matters: Surprisingly, people aged 40-49 are leading the charge on withdrawals. However, the 30-39 age group isn’t far behind. The real concern? Will tapping into savings now leave them financially short later on? 3️⃣ Income Distribution Trends: Around 60% of withdrawals are from low-income earners, with only 10% from those earning R500k+ annually. This raises questions about financial literacy and long-term planning. 4️⃣ The Tax Trap: Quick access to your savings sounds good, but it’s important to remember the tax implications. Withdrawing now might bring relief, but could also mean steep tax bills and a compromised future. 5️⃣ Financial Advice Can Help: Momentum’s advisers have successfully changed the minds of clients, explaining the tax impact and potential future shortfalls. A reminder to consult a trusted adviser before dipping into retirement funds. 💡 Takeaway: SARS may be cashing in, but it doesn’t have to be at your expense. Think twice before making withdrawals—your financial future could depend on it. https://lnkd.in/dF7eKz_F #Retirement #TwoPotSystem #FinancialPlanning #Tax #SARS

Global easing cycle kicks off! SARB follows Fed's lead, cuts rates for the first time in 4+ years. Key points: • Repo rate down 25bps to 8.00% • Inflation at 4.4%, below target midpoint • SARB projects sub-4.5% inflation until 2026 • Economic growth expected to improve • Rand strengthening on policy shifts

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